2026-01-08 07:24:26

Many people focus on the exchange's reserve proof, often only looking at surface data, but they don't understand how to truly verify the authenticity of this information.

In fact, personal account balances can also be verified. Although the method is not particularly simple, it is still very necessary for users who want to gain a deeper understanding of their funds and ensure account security to learn. Through this verification process, you can better confirm your actual holdings on the exchange, rather than simply relying on the numbers displayed in the backend. For those who want to truly understand their asset status, this detail is worth paying attention to.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

24 Likes

Reward
24
9
Repost
Share

Comment

0/400

SchroedingerGas

· 01-09 08:01

Bro, I stopped believing in this long ago. No matter how much proof I see, I still have to be cautious.

View OriginalReply0

SerumSqueezer

· 01-08 23:18

Speaking of which, this verification process sounds complicated, but after what happened with FTX, who still dares to fully trust exchanges?

View OriginalReply0

OPsychology

· 01-08 07:54

To be honest, I don't trust the numbers on the exchange's backend at all; I need to verify it myself to feel assured.

View OriginalReply0

GasBandit

· 01-08 07:54

Bro, you need to learn this verification process well, or you'll really fall for the tricks.

View OriginalReply0

Rugpull幸存者

· 01-08 07:52

Going through this takes time, but at least it's better than getting cut off haha

View OriginalReply0

ChainSherlockGirl

· 01-08 07:40

Sounds good, but my main concern is—can their wallet addresses be traced? Based on my analysis, the real big players have already been following this process.

View OriginalReply0

Layer2Observer

· 01-08 07:36

Well, there's a misconception that needs to be clarified—most people indeed blindly trust the numbers on the exchange's backend. From a source code analysis perspective, running your own node to verify reserves is the proper way. However, to be honest, the complexity of on-chain verification processes for personal accounts is underestimated, and there are too many details that require further validation.

View OriginalReply0

ser_we_are_early

· 01-08 07:36

Haha, I'm just worried that some exchanges might secretly embezzle funds. I need to verify myself before I feel at ease.

View OriginalReply0

ruggedSoBadLMAO